201-880-7213

Defending Employers Podcast: Episode 262

Crunching the Numbers: Reimbursement and Future Credit Calculations and the Impact on Settlements in NY/NJ

Both New York and New Jersey require that the carrier pay its equitable share of litigation costs in a third-party settlement. What is considered a “cost of litigation” in both States? What is the actual calculation for your maximum reimbursement and future offset rights? In this episode, “Crunching the Numbers: Reimbursement and Future Credit Calculations and the Impact on Settlements in NY/NJ,” Christopher Major, Civil Practice Team Leader at Lois Law Firm, discusses the priority of your lien when the third-party action settles, the calculations required in New York and New Jersey, and when/whether to compromise any portion of your lien.

What is “Defending Employers: Audio From Lois Law Firm, Workers’ Compensation Defense Attorneys”?

This is the audio feed from Lois Law Firm’s popular webinar training series. Every month the Firm’s attorneys present different topics in workers’ compensation. Meant as a “101-” level training course, the attorneys present a fresh take on common issues in workers’ compensation defense.

Special Reports. When emerging legal issues arise that impact employers, Lois Law Firm publishes special presentations. These special events, hosted by attorneys and presented in plain English, make the emergent changes understandable for business owners, insurance carriers, and other attorneys.

Listen on Apple Podcasts
Listen on Spotify
Listen on Amazon Music
Listen on fireside.fm
Download the New York Risk Transfer Handbook

Download Our New York Risk Transfer Handbook

New for 2022, Chris Major has written the “New York Risk Transfer Handbook" which he describes as "an effort to present to you, the curious claims professional, supervisor, manager, risk transfer or recovery specialist, or even fellow lawyer, just how subrogation makes sense in the context of your claims.”

Download Now

Learn More About Risk Transfer, Subrogation & General Litigation at LOIS

Why LOIS Has a Dedicated Civil Litigation Practice

Lois has a dedicated Civil Litigation Practice to serve general liability, premises liability, automobile liability insurance carriers and third party administrators in reimbursement claims under New York WCL § 29 and New Jersey’s Section 40 (N.J.S.A. 34:15-40). Our attorneys also regularly represent these clients’ insureds in defense of personal injury matters filed in all counties in Metropolitan New York, all counties in New Jersey and in the federal courts.

Learn More

Get articles delivered to your inbox, once a month.

Subscribe Today!